Print

The Vermont Statutes Online



Title

05

:
Aeronautics and Surface Transportation Generally






Chapter

066

:
CONSOLIDATION AND MERGER











 

§

3498. Liability to taxation

Any railroad

property which shall be sold to, merged into, or consolidated with the railroad

property of another railroad company, shall remain subject to the appraisal

then made and in force for purposes of taxation, under the new ownership, until

a new appraisal shall be made in the usual course of business by the

commissioner of taxes, and the resulting or successor corporation shall be

liable for all taxes thereon.